The global cosmetics industry size was valued at USD 374.18 billion in 2023 and is expected to be worth USD 393.75 billion in 2024. The industry is projected to be valued at USD 758.05 billion by 2032, recording a CAGR of 9.8% during the forecast period.

The global cosmetics industry share is expected to grow substantially in the coming years as an increasing percentage of the global population is becoming conscious of their physical appearance. These beauty and personal care products can enhance a person’s overall appearance and offer a variety of haircare, skincare, and lip care products. Additionally, the growing demand for anti-aging products among the elderly population will contribute to high product sales.

Fortune Business Insights™ presents this information in a report titled, “Global Cosmetics Industry, 2024–2032.”

Top Companies Covered in the Cosmetics Industry

• L’Oréal S.A. (France)
• Unilever plc. (U.K.)
• Procter & Gamble Co. (U.S.)
• The Estée Lauder Companies Inc. (U.S.)
• Beiersdorf AG (Germany)
• Shiseido Co., Ltd. (Japan)
• Coty Inc. (U.S.)
• Natura & Co. (Brazil)
• Kao Corporation (Japan)
• Johnson & Johnson Services, Inc. (U.S.)

Information Source: https://www.fortunebusinessinsights.com/cosmetics-market-102614****

Segments:

Growing Awareness about Skincare Routines will Improve Sales of Skincare Products

Based on category, the industry is divided into skincare, hair care, makeup, and others. The skincare segment is predicted to hold a sizable share of the industry during the forecast period as a growing percentage of people across the world use skincare products on a daily basis as compared to hair care products.

Working Women to Increase Usage of Cosmetics to Improve Appearance

Based on gender, the industry is divided into men and women. The women segment is anticipated to hold the larger industry share as the percentage of working women is growing across the world and they need these products to help them look presentable at their workplace.